NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Friday, February 3, 2017

Roubini on Trump's Isolationist Policy

America first global conflict next and
0:03
isolation is Trump administration may
0:05
see the wide oceans to east and west the
0:09
historical record is clear protectionism
0:10
isolationism and America first policies
0:14
are recipe for economic and military
0:17
disaster dr. be wonderful to have you at
0:20
with this is it a zero-sum
0:22
administration will it be a zero-sum
0:24
2017
0:27
well the environment and I've years ago
0:29
wrote an article about the g0 world
0:31
where people are thinking about that the
0:32
world as being a zero-sum game
0:35
unfortunately if the u.s. gives up and
0:37
is a multilateral international approach
0:39
is going to think about is on straight
0:42
national interest and that's going to
0:44
create a variety of tension certainly in
0:46
economic foreign policy that is already
0:48
backlash against I trade against
0:50
globalization right against migration
0:52
that's going to be worse and by the US
0:54
policy there is a risk of Trade and
0:56
currency wars that's one dimensional be
0:58
then and there is a geopolitical
0:59
dimension of it in the twenties and
1:01
thirties the u.s. became America first
1:03
isolation is you can not only and they
1:05
led to the rise of aggressive power like
1:07
Germany Japan and then were you worked
1:09
in Washington with the Clinton
1:11
administration ages ago
1:13
do you have a belief that there are
1:14
checks and balances in place to us ways
1:18
to lessen to diminish your concerns
1:21
about a trump administration whether
1:23
checks and balances on domestic policy
1:25
because we're congress with judiciary
1:28
Supreme Court regulatory agencies but as
1:31
we know the US president has more power
1:33
on migration on trade on foreign policy
1:37
on security and on those areas they get
1:40
from the administration my go in
1:42
Direction might become increasingly
1:43
dangerous for the US and the world
1:45
economy a professor of me if I look back
1:49
and think about the nineteen-thirties
1:51
into the forties and then what the world
1:53
looked like after that period
1:55
I'm trying to understand kind of what
1:56
what's the best sort of way of way of
1:59
understanding this this because we live
2:00
in a nuclear world now and i'm just
2:02
wondering whether nucleus mutually
2:03
assured destruction still works whether
2:05
all those kind of cold war theories can
2:08
be applied to this new world in which he
2:09
talked about
2:10
well certainly there is a risk that
2:16
eventually if we become more unilateral
2:18
is there is a global conflict and the
2:20
difference between the world to and now
2:23
is that there is a rising number of
2:25
powers are becoming nuclear I mean if
2:27
the u.s. gives up on euros and its
2:29
allies you're going to rush on one side
2:32
becoming more aggressive in ukraine in
2:34
the Baltics and the Balkans in the
2:36
middle east at that time where Europe
2:38
and the eurozone is in the process of
2:40
these integration my biggest worry is
2:42
that weapon is going to come to power in
2:44
France and the answer your question you
2:46
really got a rumor
2:47
I mean that's really sweet guy Johnson
2:49
is front and center I certainly think
2:51
that the potential of Cold War is very
2:54
low but part of the reason for that is
2:55
because you're not going to c-block
2:57
behavior right and when the cold war
2:59
happen the United States had all these
3:01
allies that was with the u.s. clearly
3:03
Trump is setting up for us China
3:05
confrontation that won't be very
3:07
well-managed but American allies in Asia
3:10
are looking at the United States and
3:12
saying this is not a safe router us we
3:14
have to rely on ourselves and we're
3:15
gonna have to work more closely with the
3:17
Chinese economically traditional allies
3:19
in the u.s. in the Middle East
3:20
alternative problem

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini was born on March 29, 1959 in Istanbul, Turkey. He is an actor, known for Inside Job (2010), America Foreclosed (2015) and ...

Nouriel Roubini, (born March 29, 1958, Istanbul, Turkey), Turkish-born American economist and educator who was best known for predicting the 2007–08 subprime mortgage crisis in the United States and the subsequent global financial crisis.

Born to Iranian Jewish parents, Roubini moved with his family to Iran and Israel before they settled in Italy in 1962. After a year at Hebrew University of Jerusalem, he studied economics at Bocconi University in Milan (B.A., 1982) and Harvard University (Ph.D., 1988), where he specialized in macroeconomics and international economics. He joined the economics faculty at Yale University in 1988 and taught there until 1995, when he moved to New York University. He also served as a visiting scholar to the International Monetary Fund (IMF), was a research associate with the National Bureau of Economic Research (NBER), held single-year terms on the White House Council of Economic Advisers (1998–99) and at the U.S. Department of the Treasury (1999–2000), and cofounded (2004) the consulting firm Roubini Global Economics. Roubini spent much of his early career studying countries that experienced extreme economic failures, such as Mexico (in 1994), Thailand and other countries associated with the 1997 Asian financial crisis, Russia (1998), and Argentina (2000). He determined that each shared one common element: a massive current account deficit.(www.britannica.com)

Roubini Quote : "The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown. "

Nouriel Roubini is the Chairman and CEO of Roubini Macro Associates, LLC, his own global macroeconomic consultancy firm. He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.

NOURIEL ROUBINI BLOG

This is a Fan Based Blog ,we are not authorized , endorsed, licensed, approved, recommended, published, maintained, edited or managed by Nouriel Roubini ‏, or any of his affiliates, agents or representatives (all such persons are referred to asNouriel Roubini ‏ in this disclaimer). Nouriel Roubini ‏ accepts no responsibility or liability whatsoever for this blog or its content, including its advertising and links to other websites. No endorsement or approval byNouriel Roubini ‏ of any individuals , goods or services is implied . Text Video and other content available on or via this blog might misquote mischaracterize , use out of context , edit or otherwise misrepresent Nouriel Roubini ‏ statements and views . Use at your own risk.

This blog is not intended to give you financial advice. Before investing, do your own research and consult your financial adviser.